The SAS Group Traffic figures August 2008
SAS Group’s August traffic figures
· SAS Group’s traffic decreased by 0,7% during August and seat capacity was up 2,2% vs 2007.
· SAS Group carried 3.3 million passengers in August, down 4,7% vs 2007.
· Total load factor was down by 2,1 p.u. to 74.4%.
Group market trends and yield development
Yield for Scandinavian Airlines in July was down by 1%. For August 2008 yield is expected to be fairly in line with August last year.
The market is now characterized by lower demand due to weaker macroeconomic development in Scandinavia. The imposed fuel surcharges are gradually supporting the yield and expected to continue to stabilize yield going forward.
The SAS Group is currently implementing measures – Profit 2008 – to secure the result development in 2008. The measures comprises both revenue enhancing and cost measures totaling 1,5 SEK billion. Capacity reductions of 10% as announced earlier will gradually start to take effect later this fall. The program is running according to set out plan.